Oak Lawn, IL housing market
The typical Oak Lawn home is worth about $301,000, up 6.1% in a year, close to the Illinois typical home. Homes typically sell in 56 days, close to asking.
Home values, sales, trends and how Oak Lawn compares with the towns next door — updated as new data is published.
Oak Lawn at a glance
A seller's market
Supply is tight — about 3.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Oak Lawn | Illinois |
|---|---|---|
| 2017 | $175,000 | $181,000 |
| 2018 | $186,000 | $190,000 |
| 2019 | $192,000 | $195,000 |
| 2020 | $198,000 | $200,000 |
| 2021 | $215,000 | $215,000 |
| 2022 | $243,000 | $236,000 |
| 2023 | $254,000 | $248,000 |
| 2024 | $268,000 | $263,000 |
| 2025 | $280,000 | $278,000 |
| 2026 | $292,000 | $290,000 |
| August 2026 | $301,000 | $298,000 |
Oak Lawn and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Oak Lawn | $301K | +6.1% | 56 | $83,911 |
| Chicago Ridge | $251K | +3.7% | 82 | $68,964 |
| Alsip | $277K | +5.7% | 56 | $66,585 |
| Bridgeview | $320K | +5.3% | 52 | $66,655 |
| Hometown | $215K | +3.9% | — | $61,101 |
| Worth | $280K | +4.8% | — | $77,966 |
| Chicago | $334K | +5.2% | 47 | $77,902 |
3.6 years of income
The typical Oak Lawn home costs about 3.6 years of the town's median household income, about the same as across Illinois (3.6).
How Oak Lawn ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Oak Lawn
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.